Captain Vancouver

For Sale

MLS# C8038722
1150 KINGSWAY AVENUE, Vancouver BC V5V3C8
$299,000

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Ian Brett

Phone: (604) 968-7539
ian@captainvancouver.com

 
Property Details
Great restaurant located on the southside of 1150 Kingsway in a highly visible and busy corridor of Kingsway. Ample space with parking at the rear. A fully finished restaurant for sale with all the essentials ready for a turn key operation. Details Great lease rate at $3100 for base rent. $1300 additional rent which covers property taxes, insurance and utility bills. Size: 1700 sf restaurant. About 1000 sf for storage, running catering business, office and employee rooms. Upstairs include 4 bedroom 1.5 baths home A large 1500 sf suite is also included in the price to rent for only $1500 a month. The advantage is to rent the upstairs out room for room to maximize rental revenue to pay for the restaurant lease. This will cut costs. Four year lease term with three years renewable option. Currently six months into the lease. Lease rate is about $13.78 per sf per annum for the restaurant. The restaurant needs a new grease trap. (id:5347)
Property Value: $299,000 Living Area: 1700 sq.ft.
Year Built: Bedrooms: 0
House Type: Bathrooms: 0
Property Type: Business Owner Type:
Added to MLS: 2021-08-17 09:32:33
 

Listing Provided By:
MLS Reciprocity   Allen Ko | Renanza Realty Inc.
Contact Ian Brett to schedule a viewing or provide more details.
Call 604 YOUR KEY that's (604) 968-7539 or email Ian@CaptainVancouver.com
 
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